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31816658
31824923

1603 Ridgeside Dr, Mount Airy, MD 21771

MD
MD 37642
Cypress Property Advisors, LLC
Listed by Cypress Property Advisors, LLC
$1,500,000
43 days on market
Updated 43 days ago

1603 Ridgeside Drive

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 4,896
Net Rentable (SqFt) 4,896
Units 4
Cap Rate 6.00%
NOI $90,526
Occupancy 100%
Tenancy Multi
Brand/Tenant Rita's Italian Ice
Lease Type NNN
Price per SqFt $306
Broker Co-Op Yes
Class A
Buildings 1
Stories 1
Acreage 0.660
Zoning CC
Tenant Credit Franchisee
Ownership Fee Simple

4-Unit Shopping Center in Affluent Submarket

Marketing description

Cypress Property Advisors (“Cypress”) is pleased to present the opportunity to acquire 1603 Ridgeside Drive, a 4,896-square-foot retail strip property located in Mt. Airy, Maryland. Situated on approximately 0.66 acres, the Property benefits from a well-positioned location within a neighborhood retail corridor and convenient access to Route 27 and Interstate 70. The asset serves a growing suburban community with strong demographics and consistent local traffic driven by surrounding residential development. The Property is anchored by Rita’s Italian Ice & Frozen Custard and supported by a complementary mix of service-oriented tenants including Reflections Hair Design, MK Wellness Clinic, and Bullett’s Ink. The tenant mix provides a balance of food, personal care, wellness, and specialty services that drive repeat visitation and steady daily activity. With its established tenancy, accessible parking, and strategic suburban location, 1603 Ridgeside Drive is positioned as a stable neighborhood retail asset serving the Mt. Airy community.

Investment highlights

  • Fully Leased Neighborhood Retail Strip
  • Affluent Suburban Market Fundamentals
  • Tight Submarket with Limited New Supply
  • Strong Regional Connectivity
  • Complementary Service-Oriented Tenant Mix
  • Stable Lease Term Profile

Listing Contacts

MD
MD 37642
Cypress Property Advisors, LLC
Listed by Cypress Property Advisors, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$90,526.00
$7,543.83/mo

Valuation Metrics

0
DSCR
6.04%
Cap Rate
6.04%
ROI

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